Operational Technology Security Market Projected to Hit USD 63.9 Billion at a 18.1% CAGR by 2030- Report by Market Research Future (MRFR)

Market Research Future Insights

The Global Operational Technology Security Market is estimated to be worth USD 63.9 Billion by 2030, registering an 18.1% CAGR during the forecast period (2022- 2030).

Operational Technology or OT refers to a combination of hardware and software utilized to control and monitor devices, physical processes, and infrastructure. Operational Technology develops and congregates with network Information Technology and the desire for OT security enhances accordingly. Operational technology can be found in many asset-intensive sectors, performing an extensive range of tasks from operating robots on the manufacturing site to monitoring vital infrastructure. Numerous industries are embracing operational technology solutions such as power generation & electrical, manufacturing, transportation & logistics, mining, and others.

Among industries, the power generation and electrical segment are projected to hold a dominant position in the worldwide operational technology security market during the forecast period. The advantage of operational technology is that it supports the convergence of its infrastructure with the IT network and results in enhanced operational efficiency. The lightning pace of industrialization and amalgamation of automation to mitigate the burden on production assemblies has also created various opportunities in the operational technology security market. Thus, the boosting investments in embracing IIOT solutions are expected to provide lucrative opportunities for the players operating in the worldwide operational technology security market during the forecast period.

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The Global Operational Technology Security Market report provides an integrated evaluation of the market. The report provides a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a significant role in the market.

Operational Technology Security Market Report Scope:

Regional Analysis:

The Global Operational Technology Security Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

North America is projected to account for the largest market share in the worldwide operational technology security market. Regulatory compliances are adopted by numerous governments to protect data from cyber threats and this is surging the adoption of operational technology (OT) security solutions.

The operational technology security market in Europe is anticipated to stand as the second-largest throughout the forecast period.

Asia-Pacific is projected to have significant growth in the operational technology security market. Organizations are continuously concentrating on their systems’ coercion revelations and liability and the growing requirement to unite prevention operations and identify the risks. These factors propel the market to grow further. China, India, and Japan have the ultimate share of the market.

Latin America and the Middle East and African regions are expected to have steady growth in the operational technology security market.

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Market Segmentation:

The Global Operational Technology Security Market is segmented into the following types;

By Component:

• Solution:

• OT Endpoint Security
• OT Network Segmentation
• Anomaly Detection, Incident Response And Reporting
• Others

• Services:

• Professional
• Managed

By Deployment:

• On-Premise
• Cloud
• Hybrid

By End-Use Industry:

• Power & Electrical
• Mining
• Transportation
• Manufacturing
• Discrete
• Process
• Others

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Key Players:
The Global Operational Technology Security Market’s prominent key players are HCL, Vmware Inc., Honeywell International Inc., Schneider Electric, Cisco Systems Inc., Broadcom, Kaspersky Lab, General Electric, Rockwell Automation Inc., PAS Global Inc. (Hexagon AB), Fortinet Inc., Palo Alto Networks, Darktrace, Forescout Technologies Inc., Nozomi Networks and SCADAfence.

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About Market Research Future (MRFR):

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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Contact Information:

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